Fiji announces $50m ‘climate bond’ ahead of COP23 presidency

18 October 2017 – With technical support from the World Bank, Fiji aims to raise 100 million Fiji dollars ($50m) through issuing a sovereign green bond to build resilience to climate change and support a shift to 100% renewable energy. Prime minister Frank Bainimarama touts the move as an example of financial innovation to protect vulnerable Fiji residents from rising seas, changing weather patterns and severe weather events. Read the full article on the Climate Home News website.